ANZ analysts note that Bank Indonesia (BI) lowered its 7-day reverse repo rate by 25bps for the fourth straight month today, to 5.00%. Key Quotes “The central bank cited its desire to support growth pre-emptively, manageable inflation, and still-attractive returns on domestic assets as the key factors behind its decision.” “As long as external stability is maintained and inflation remains contained, we think further easing is more likely than not and are now pencilling in another 25bp rate cut in BI’s current cycle.” FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street FXStreet News share Read Next EUR/USD Technical Analysis: A test of the 55-day SMA around 1.1050 stays on the table FX Street 3 years ANZ analysts note that Bank Indonesia (BI) lowered its 7-day reverse repo rate by 25bps for the fourth straight month today, to 5.00%. Key Quotes "The central bank cited its desire to support growth pre-emptively, manageable inflation, and still-attractive returns on domestic assets as the key factors behind its decision." "As long as external stability is maintained and inflation remains contained, we think further easing is more likely than not and are now pencilling in another 25bp rate cut in BI's current cycle." Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
